Page 2 - Ge Power

ICRA revises GE Power India's outlook to negative from stable

ICRA has reaffirmed A-plus rating on GE Power India Ltd (GEPIL) but said the outlook revision to negative from stable on the bank lines is driven by deterioration in credit profile

GE Power India to acquire 50% equity stake in NTPC GE Power Services

GE Power India's board on Wednesday approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore. "Board of directors of GE Power India Ltd in its meeting held today i.e., 14 April, 2021 has approved acquisition of 50 per cent of the issued and paid-up share capital of NTPC GE Power Services Pvt Ltd (NGSL)," a BSE filing said. It also stated that the cost of acquisition or the price at which the shares are acquired is a cash consideration of Rs7,20,00,000. The acquisition of shares of NGSL from GEPower Systems GmbH is a related party transaction as the Company and GE Power Systems GmbH are GE Group Affiliates. The said related party transaction will be at arm's length price. Upon completion of the acquisition of shares from GE Power Systems GmbH, the company would enter into renovation and modernisation of thermal power plants segment and partner with NTPC Limited, which is a PSU and a pioneer in thermal power plants. This investment and JV wi

GE Power bags orders worth Rs 850 cr to set up air quality systems

The company will supply these air quality control systems (AQCS) solutions to NTPC, Hindalco Industries and UP Rajya Vidyut Utpadan Nigam Ltd

Covid-19 outbreak: For big electrical players, lockdown only a blip

Most of the firms that are dependent on government contracts are looking at a dry pipeline in the near term.

Fossil fuel plants are here to stay, says GE Power's Prashant Jain

The power sector is going through a disruption though the future is clear 10 years from now, says Jain

GE Power bags Rs 17.83-bn order for air quality control systems from NTPC

Shares of GE Power were trading 1.97% higher at Rs 825 apiece on BSE